Shares of textile stock Nandan Denim surged 20% on Friday. The day high was Rs 2.71, previous closing was Rs 2.26. This stock have 52 weeks high of Rs 3.75 and 52 weeks low of Rs 1.80. The company has Market cap of Rs 390.64cr.

Earlier, Nandan Denim Limited reported a 31.8% year-on-year increase in consolidated net profit to ₹14.80 lakh for the quarter ended June 30, 2026 (Q1 FY27), supported by lower expenses and an improvement in other income.

The company, a player in the denim and textile industry, also continued to strengthen its long-term cost-efficiency strategy through an investment in renewable energy.

Nandan Denim reported revenue from operations of ₹622.39 lakh during Q1 FY27, compared with ₹1,047.68 lakh in the corresponding quarter of the previous financial year.

Despite the decline in revenue, the company managed to improve its reported net profit to ₹14.80 lakh from the year-ago level, reflecting the impact of tighter expense management.

Total expenses declined to ₹614.50 lakh during the quarter from ₹1,034.40 lakh a year earlier, broadly in line with the reduction in revenue.

Profit before tax stood at ₹10.32 lakh during Q1 FY27, compared with ₹14.82 lakh in the corresponding quarter last year.

The reported net profit was supported by a ₹5.07 lakh tax-related credit arising from short provision of income tax or deferred tax relating to earlier years.

Alongside its quarterly performance, Nandan Denim has taken a strategic step towards securing renewable power.

The company acquired a 6.1% stake in Opera Vayu (Narmada) Private Limited for ₹4 crore. The investment involves 40,02,096 equity shares acquired on July 13, 2026 and is linked to procuring wind and solar power through the group captive renewable energy route.

For an energy-intensive textile business, the initiative could support greater visibility over power sourcing and potentially improve cost efficiency over the longer term.

The Board has also approved the re-appointment of Jyotiprasad Devkinandan Chiripal as Managing Director for another five-year term, subject to shareholder approval.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.